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January 21, 2008

Corporate Default Risk Soars to Record on Ambac Ratings Cut

Bloomberg - The bond insurance industry guaranteed $100 billion of collateralized debt obligations linked to subprime mortgages, $22 billion of non-prime auto loans and $1.2 trillion of municipal debt. New York-based Merrill Lynch & Co., the world's largest ...

From Corporate Default Risk Soars to Record on Ambac Ratings Cut

Posted by Russell at January 21, 2008 04:35 PM